MidFirst Bank. Has anyone heard of them?

[Anonymous]

I received a pre approved offer for the MidFirst Bank rewards credit card with an interest rate of 14.24% and a credit limit of $10,000. I've never heard of the company and was curious if any of you lurkers or regulars know of this bank? Are they financially stable and just who are they? I live in Tennesssee and aparently they are an Oklahoma company. I don't want to fall victim of some scam.

[Anonymous]

I live in Florida and never heard of them.

[Anonymous]

Did you google? 

[Anonymous]

Yes i did a google search and found that they are an Oklahoma company with assets of $11.6 billion but i still do not know who they are and i have never seen them mentioned on these forums.

[Anonymous]

I just pulled up their reviews....if you don't need the card or if they are not on your bucket list, you might want to pass. Nothing spectacular from what I saw, but I only did a quick glance.  One card they offer is OSU, FYI. 

[Anonymous]

The terms listed on the letter mailed to me state that i can get 0% on purchases and balance trsnsfers plus 0.5 percent on cash advances for the first year. After that, it's 14.24 percent, 3% on transfers and 5% cash advance. That sounds good to me but their interest rate is horrible. My credit union has 8.5%

[Anonymous]

Hopefully by tomorrow, someone can chime in on this company. *Mod cut-inappropriate and nonFSR)

[Dalmus]

The APR doesn't matter unless you carry a balance, so the trek question is: How long is the 0% rate for? That would be the only reason it might make sense to get it For you).

[longtimelurker]

Look at http://www.mybanktracker.com/Midfirst-Bank/Reviews  

As with the wonders of the internet, 7 reviews, all either 1 * or 5 * 

With titles "The Best Bank Ever" and "Awful, changing banks"

But they are the third largest privte bank in the US, so probably not a scam.  Just evaluate the terms of the offer against alternatives.  It doesn't seem compelling, so why bother?